China Life Insurance Co Ltd (NYSE:LFC) traded down 5.3% on Thursday . The stock traded as low as $13.35 and last traded at $13.36. 1,010,703 shares traded hands during trading, an increase of 58% from the average session volume of 639,445 shares. The stock had previously closed at $14.11.

A number of equities research analysts have weighed in on LFC shares. Goldman Sachs Group cut China Life Insurance from a “neutral” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded China Life Insurance from a “sell” rating to a “hold” rating in a research note on Thursday, February 28th. ValuEngine upgraded China Life Insurance from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Nomura cut China Life Insurance from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 29th. Finally, Bank of America upgraded China Life Insurance from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.93.

The company has a quick ratio of 9.10, a current ratio of 9.10 and a debt-to-equity ratio of 0.06. The company has a market cap of $76.15 billion, a price-to-earnings ratio of 19.81 and a beta of 1.35.

Hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC purchased a new stake in shares of China Life Insurance during the fourth quarter worth approximately $35,000. Atlas Capital Advisors LLC raised its stake in shares of China Life Insurance by 76.1% during the fourth quarter. Atlas Capital Advisors LLC now owns 4,446 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,921 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of China Life Insurance by 65.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,598 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 2,210 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of China Life Insurance during the fourth quarter worth approximately $109,000. Finally, Quadrant Capital Group LLC raised its stake in shares of China Life Insurance by 1,384.6% during the fourth quarter. Quadrant Capital Group LLC now owns 11,654 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 10,869 shares during the last quarter. Institutional investors own 0.34% of the company’s stock.

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About China Life Insurance (NYSE:LFC)

China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People's Republic of China. The company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Business. It offers individual and group life, annuity, accident, and health insurance products, as well as provides pension products.

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